SINGAPORE (July 2): Mathematician and serial entrepreneur Martin Markiewicz, who used to work on harnessing the flow of water to generate power in Poland, has now turned his attention to using artificial intelligence (AI) to make the international flow of money cleaner.

Markiewicz had started a company called MEW with two partners in Poland to design and build hydropower stations. In 2010, they took the company public on the Warsaw Stock Exchange. Three years later, Markiewicz cashed out. The company was sold to a group of private investors for an undisclosed sum.

Markiewicz then tapped his background in mathematics and ventured into the fast-growing field of data analytics. Now, he has chosen to focus on using AI to help banks and other financial institutions identify suspicious transactions more efficiently. With the same partners from the hydropower venture, he set up Silent Eight, which uses AI to scan search engines, news sites and internal databases to compile a dossier for analysts, within minutes. “This means that the analysts don’t have to start out on a blank slate,” Markiewicz explains. “They can do their job faster and with more accuracy.”

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